You must become a student of yourself. Forget the markets. Study you. When you understand yourself and how you personally create your actions, you will be able to control your executions. You will never trade for consistent profits until you know why you do what you do and why everyone else does what they do, because both of you cannot be right in this game. Until you are thinking (and therefore acting) correctly against price action, you will never know why price action is what it is. You cannot know that until you know yourself better than the other market participant knows himself. To win at trading you must know why everyone else is losing. You must know why you lose to understand how everyone else loses. When you know how losing happens, then, and only then, can you execute against the loser to win. Trading is not about markets; it’s about thinking. Since most of the participants aren’t thinking, that is your edge. Never trade until you are there.
(Jason Janovsky - Art of the Trade)
(Jason Janovsky - Art of the Trade)